PQ salaries on the up

Competition for accountancy talent has meant most UK accountants (62%) received a pay rise in 2024, according to the latest GAAPweb salary survey.

The average salary for accountants was £52,447, with PQ accountants earning £40,000, a jump of 7.6% on 2023 figures.

Tech industries are the place to be if you are following the money! Shortages mean that many recruiters have turned to salary incentives to both retain and attract new staff.

Bonuses are very prevalent in the industry. with78% receiving a bonus in 2024.

The survey found that flexible set-ups are now the norm for many working in accountancy.

It wasn’t all good news, with the survey finding 2024 bringing increased volatility across the sector, “with restructuring and redundancies infiltrating the headlines”. That in turn means 20% of respondents now see job stability as the most important factor in their job search.

For more on the salary guide see the July issue of PQ magazine: https://issuu.com/pqpublishing/docs/_pq_jul24_combined.